A comprehensive report on the challenges and opportunities of Canada’s oil sands by auditing giant Deloitte projects that the hydrocarbon deposits will contribute an estimated $2.1 trillion to Canada’s GDP over the next 25 years. The economic benefits of the added wealth include up to $783 billion in extra tax revenues over the period, which will provide a significant boost […]
Read moreToronto leads all Canadian cities with a score of 20.6 points in the most recent CWM Metropolitan Economic Activity Index, which rates the economic activity of Canadian cities according to nine economic variables selected by CIBC’s World Markets subsidiary. The indicators used in formulating the Index score include a city’s unemployment rate, population growth, bankruptcy rate and housing starts growth […]
Read moreCICS News has learned that Citizenship and Immigration Canada (CIC) has made a final decision on which occupations will be eligible for the new Federal Skilled Trades Program (FSTP) that is scheduled to open on January 2nd. CIC is expected to announce that the FSTP will give occupations one of two treatments; Group A occupations will be sub-capped at 100 […]
Read moreA Statistics Canada report released last week shows Canadian immigrants continuing to experience lower employment rates than the general population, with the gap growing since the 2008 financial crisis. According to the report, the employment rate of immigrants aged 25 to 54 in 2011 was 75.6 percent, while that of Canadian-born residents was 82.9 percent. Both Canadian born residents and immigrants saw their employment rate fall between 2008 and 2011, […]
Read moreTwo trade unions have filed an application in federal court to force the federal government to reverse its decision to grant some 200 work permits to temporary foreign workers from China that a Canadian company wants to hire to run a new mine in British Columbia. The International Union of Operating Engineers and the Construction and Specialized Workers Union, which together […]
Read moreStartup Canada, an entrepreneur-led government-backed non-profit organization, announced its action plan for increasing entrepreneurship in the country on Tuesday. The organization unveiled blueprints of a national network to support and connect entrepreneurial communities and a media campaign to create a strong entrepreneurial culture in Canada. The action plan is the product of the Start-Up Canada National Tour which took the […]
Read moreCanadian farm income increased by 53 percent in 2011 from 2010 according to Statistics Canada. Realized net income, meaning farm income after operating expenses and depreciation, amounted to $5.7 billion last year, with farmers making gains despite a large increase in costs. The 2011 gains follow a 19 percent increase in income in 2010 and a 19.6 percent decline in […]
Read moreCanada’s federal, provincial and territorial (FPT) governments concluded two days of meetings on Friday with an agreement on the future of Canada’s immigration system which will give the provinces a central role in immigrant selection. On the agenda for the FPT immigration ministers were the details of the upcoming Expression of Interest (EOI) model for the Federal Skilled Worker (FSW) […]
Read moreCitizenship and Immigration Minister Jason Kenney attended the annual conference for Canada’s self-regulatory organizations (SROs) today and asked for their cooperation in helping recent immigrants to Canada become licensed in their field. The Canadian Regulators Conference, held in Ottawa on November 8th and 9th, is organized by the Canadian Network of National Associations of Regulators (CNNAR), an association made up […]
Read moreWhen Americans look for a country to flee to in the event of their favoured candidate losing the presidential elections, they inevitably look to Canada, their (mostly) English speaking cousin to the North. For the past three decades, it has been predominantly supporters of Democratic candidates that have made the immigration ultimatum, as Canada has been perceived to align with […]
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